Question to the HM Treasury:

To ask His Majesty's Government what assessment they have of the underlying cause of the fall in gross domestic product per head in every quarter of 2023, as reported by the Office for National Statistics on 15 February, and what action they are taking to reverse this trend.

The economy has faced an unprecedented series of shocks, including the Covid-19 pandemic and the impact of Russia’s illegal invasion of Ukraine. These have led to challenging economic circumstances.

Looking over a longer timeframe, since 2010 GDP per capita has increased by 12%. Real household disposable income per capita - a more comprehensive measure of household living standards - has grown more than France and Italy since 2010.